Wilson County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Wilson County, Kansas based on real HMDA transaction records.

Loan Details

Baseline

Rates

Taxes & Ins.

DTI

US County (Smart Autofill)

Loan Type

Credit Score (FICO)

Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Wilson County, KS Benchmarks

FHA averages

Typical Property Value$127,000

Average Down Payment6.8%

Average Interest Rate6.554%

Effective Tax Rate1.27%

Home Price

Down Payment

$8,636 down · $118,364 financed

Estimated Monthly Payment

$1,100/mo

Principal & Interest$765
Property Tax$134
Home Insurance$150
FHA MIP$50

Amortization · Remaining Balance

Financed Loan Amount

$120,435

Total Interest

$155,036

Total of Payments

$275,471

*Includes financed FHA Upfront MIP of $2,071

Local Market Insights

Wilson County FHA Mortgage Overview

For Wilson County homebuyers using an FHA loan, the 6.82% average down payment (against a $127,000 property value) offers accessible entry, but requires mandatory Mortgage Insurance Premiums (MIP) for the loan's life. With a 93.18% Loan-to-Value ratio, this reflects 100% owner-occupied purchases. The effective property tax rate of 1.27%, adjusted upward by 4.0% for inflation, directly impacts monthly affordability. When evaluating an FHA loan down payment in Wilson County, KS, remember that MIP and these rising property taxes are permanent costs, unlike conventional loans where PMI can eventually be removed. This data is ideal for buyers with sub-620 credit seeking a primary residence.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.